WINTON GROUP Ltd Has $1.78 Million Stock Holdings in Diageo plc $DEO

Key Points

• WINTON GROUP Ltd dramatically increased its Diageo stake by 637.8% during the second quarter, ending with 22,135 shares valued at approximately $1.78 million.
• Several other institutional investors also raised their Diageo holdings, while institutional investors and hedge funds collectively own 8.97% of the company’s stock.
• Diageo shares opened at $86.67, below the analyst consensus price target of $106.25. Analysts’ overall rating is “Hold,” with six Buy, five Hold and one Sell recommendation.

WINTON GROUP Ltd increased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 637.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,135 shares of the company's stock after buying an additional 19,135 shares during the period. WINTON GROUP Ltd's holdings in Diageo were worth $1,779,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Trust Advisors LP grew its position in shares of Diageo by 12.0% in the first quarter. First Trust Advisors LP now owns 463,572 shares of the company's stock valued at $34,513,000 after purchasing an additional 49,504 shares during the last quarter. CORDA Investment Management LLC. boosted its stake in Diageo by 14.5% in the 1st quarter. CORDA Investment Management LLC. now owns 169,084 shares of the company's stock valued at $12,588,000 after purchasing an additional 21,446 shares during the period. Gamco Investors INC. ET AL boosted its stake in Diageo by 10.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 186,176 shares of the company's stock valued at $13,861,000 after purchasing an additional 17,241 shares during the period. Dimensional Fund Advisors LP grew its holdings in Diageo by 53.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company's stock valued at $102,124,000 after buying an additional 477,999 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Diageo by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 160,477 shares of the company's stock valued at $11,948,000 after buying an additional 13,928 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Up 0.4%

DEO stock opened at $86.67 on Friday. The company's 50-day moving average price is $88.67 and its two-hundred day moving average price is $83.47. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.62. Diageo plc has a 12 month low of $72.45 and a 12 month high of $103.24.

Diageo Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, October 16th will be paid a $1.20 dividend. This represents a yield of 252.0%. The ex-dividend date of this dividend is Friday, October 16th.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of research reports. TD Cowen reissued a "buy" rating on shares of Diageo in a report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Diageo in a research report on Friday, July 17th. Zacks Research upgraded shares of Diageo from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 25th. Loop Capital set a $99.00 price objective on shares of Diageo in a report on Thursday, June 18th. Finally, UBS Group restated a "neutral" rating on shares of Diageo in a research report on Thursday, August 27th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $106.25.

Diageo Company Profile

Diageo plc NYSE: DEO is a global beverage alcohol company headquartered in London, England. It produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages, serving consumers in more than 180 countries.

Its portfolio includes brands such as Johnnie Walker, Crown Royal, Smirnoff, Cîroc, Captain Morgan, Baileys, Tanqueray, Don Julio, Casamigos, Guinness and Bulleit. The company's business activities span distilling, brewing, brand development, marketing, sales and distribution across multiple alcohol categories and geographic markets.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.

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